News

NEWPORT BEACH, Calif. -- The Securities and Exchange Commission has proposed a change to Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Personal Information, which could impact credit union investment programs, according to the National Association of Credit Union Service Organizations.

WASHINGTON -- Despite posting a quarterly loss yesterday of $2.2 billion, Fannie Mae tempered the bad news with some good: it promised to raise $6 billion from investors to buy more mortgages from credit unions, banks and other lenders.

WASHINGTON -- Any reform of the government's mortgage buyers should ensure that regulations aren't so tight that they limit their ability to provide liquidity to credit unions, NAFCU told the chairman and ranking member of the Senate Banking Committee.

BASKING RIDGE, N.J. -- Offering a "virtual" home buying center on the Web at (www.affinityfcu.org/realestaterc) together with Home Sold, an independent RE service network, Affinity Federal Credit Union here is helping its members through the buying and selling process.

ATLANTA -- VSoft Corp. has launched a new Web site and re-branded its product line of check and remittance processing and imaging solutions.

ROCK HILL, S.C. -- The 2008 merger trend continues as Winthrop Credit Union and Founders Federal Credit Union announce merger plans.